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JulsSmile [24]
3 years ago
7

Scott Harris can invest $7,000 in a 1-year CD that earns interest at an annual rate of 4 percent compounded monthly. The amount

per $1.00 is 1.040742. He can also invest $7,000 in a 1-year CD at annual rate of 4 percent compounded quarterly. The amount per $1.00 is 1.040604. What is the difference in the amount of interest earned for each investment?
A) $0.96
B) $0.81
C) $0.87
D) $0.88
Mathematics
1 answer:
Tom [10]3 years ago
8 0

Answer:

option A  is answer.

Step-by-step explanation:

Amount of interest earned for compounded monthly  for $1 = 1.040742

Amount of interest earned for compounded quarterly for $1= 1.040604

Difference for $1  =   1.040742 - 1.40604

                 =0.000138

Difference for $7000 = $7000x0.000138

                                    = 0.966

                                      or $0.96

               

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horsena [70]

Answer:

The equation of the line is y = 3/2x + 5/2

Step-by-step explanation:

To find the equation of this line, start by using the two points with the slope formula to find the slope.

m(slope) = (y2 - y1)/(x2 - x1)

m = (4 - 1)/(1 - -1)

m = 3/(1 + 1)

m = 3/2

Now that we have the slope, we can use that and either point in point-slope form to find the equation.

y - y1 = m(x - x1)

y - 4 = 3/2(x - 1)

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2 years ago
2 times 2 times 13 what is the missing number
atroni [7]
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5 0
3 years ago
4(-4x - 3) > 36 with the steps
Sergeu [11.5K]

Answer:

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Step-by-step explanation:

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​Divide 36 by 4 to get 9.

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5 0
2 years ago
Read 2 more answers
Plz help I will give brainliest!
elena55 [62]

Answer:

b, 1 5/8

Step-by-step explanation:

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In the above diagram,

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